Most Popular
-
1
NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
-
2
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
3
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
4
Panel decision put prosecution in dilemma over Dior bag case
-
5
Korea to face another massive shortfall in tax revenue
-
6
2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
-
7
Global drama stars gather for 2024 Seoul International Drama Awards
-
8
SK hynix outpaces Samsung, Micron with more powerful AI chips
-
9
Power of nostalgia brings K-pop legends back together
-
10
North Korea unveiling uranium enrichment site a US election-conscious move: NIS
[THE INVESTOR] South Korean government authorities have rejected some of the requirements issued by Morgan Stanley Capital International Inc. for joining its list of developed market index candidates.
“Requests, such as operating an around-the-clock market to exchange Korean won is going to be tough,” said FSC Vice Chairman Jeong Eun-bo. “This is owing to Korea’s high reliance on exports, making market stability an important factor.”
On June 14, MSCI said the Seoul bourse had failed to make it to the developed market list.
“Requests, such as operating an around-the-clock market to exchange Korean won is going to be tough,” said FSC Vice Chairman Jeong Eun-bo. “This is owing to Korea’s high reliance on exports, making market stability an important factor.”
On June 14, MSCI said the Seoul bourse had failed to make it to the developed market list.
MSCI cited the absence of an around-the-clock market to exchange Korean won with other currencies and delays in Seoul’s packages of financial reforms that will take effect after 2017.
Korea has been on the list of emerging market indices since 2009.
By Kim Ji-hyun (jemmie@heraldcorp.com)
-
Articles by Korea Herald
